First office block to be built in the new Stratford City Commercial District
Later this month construction will begin on the first of many major new office buildings which have been planned for East London’s new Stratford City Commercial District.
The lease has been signed in a pre-let deal by Transport for London enabling Lend Lease to start the construction of the new 265,000 sq ft office building which gained planning approval in March.
Lend Lease will develop the site in conjunction with London and Continental Railways, with the parties being in talks with several other major tenants who are interested in moving to the new International Quarter which will have over 4m sq ft of commercial space, making it one of the largest developments of its kind in London.
The new quarter is based at the gateway to the Queen Elizabeth Olympic Park, so if you thought you’d seen the last of the hard hats bobbing around the streets of Stratford you should think again, as this development will create huge opportunities for the construction industry including the growth in construction jobs in the area as well as an increase in building supplies.
The commercial district is part of the £2.1bn redevelopment and regeneration of Stratford which will not only deliver the commercial space the city requires, but which will also bring in new businesses to the area creating sustained growth.